Underwriting & Re- Insurance Manager
Job Skills:
Computer Literacy, Budgeting, Negotiation , Strong Leadership
Skills, Problem Solving Skills, Highly Innovative, Business Acumen, High level
of technical and management ability, Attention to detail, People managment
skills, Strong Analytical Skills, Decisive, Confidence, Highly motivated,
Decision Making skills
There is a new vacancy for the position of an Underwriting and Re- Insurance Manager in the Insurance Division. Reporting to the General Manager the primary responsibilities in the two areas will be to
Underwriting:
- Ensure
that all documentation in the underwriting are correctly issued and
dispatched.
- Ensure
that new risks accepted and/or renewed with the company are vetted to meet
the basic quality standards.
- Ensure
incorporation of such risk improvement recommendations into policy
warranties.
- Ensure
that reasonable renewal terms are communicated and/or discussed with the
intermediaries and/or policyholders within the set benchmarks and those
renewal instructions are received on time to achieve minimum lapse ratios.
Also ensure that monthly lapse ratio reports are compiled and availed to
management.
- Ensure
that production budgets are well communicated to the underwriting team and
that all business transacted/closed is recognized in the books of the
company within the effective month. Further ensures that all such
premium debits/credits are dispatched to the policyholders and/or intermediaries
as applicable to facilitate premium collection.
- Ensure
that all identified reconciliation items are acted on and discussed with
the intermediaries and/or policyholder as applicable to facilitate premium
collection.
- Prepare
the table of minimum rates as required by the Commissioner of Insurance
and ensure it is lodged.
- Ensure
that all the risks accepted in the company are in tandem with the
Reinsurance Treaty programmes and that premium are reasonably ceded into
the treaties thus minimizing and/or eliminating chances of under ceding
and/or over ceding.
- Ensure
that the franking machine is adequately stocked with stamps at all times
and that its safety and usage is reasonably maintained.
- Continually
review the business processes and recommends measures that are likely to
improve efficiency.
Reinsurance:
Ensure that the reinsurance treaties are arranged with financially solid reinsurance companies.
Ensure that the reinsurance treaties are arranged with financially solid reinsurance companies.
- Ensure
that adequate treaties are in place every year and all the contract
documents lodged with the commissioner of insurance.
- Ensure
that the treaty statements of accounts are prepared such as quarterly
statements of accounts, profit commissions, portfolio transfers,
non-proportional treaty premium adjustments etc.
- Ensure
that the statutory statements such as Quarterly reinsurance premium tax,
tax on minimum and deposit premium, commissioners treaty renewal statistic
etc. are prepared and/or paid on timely basis as applicable.
- Accept
and/or recommends inward facultative acceptances with creditworthy
Insurance Companies
- Arrange
outward facultative reinsurances with creditworthy Insurance Companies
- Ensure
that treaty claims recoveries are pursued aggressively.
- Ensure
both treaty and facultative premium payments are made on timely basis
- Ensure
that all identified reconciliation items on both treaty and facultative
accounts are acted on
- Continually
review the business processes and recommend measures that are likely to
improve efficiency.
- Communicate
important changing reinsurance business trends to the immediate superior.
The right candidate must have;
- Professional
Qualification: ACII or IIK
- Education
level: first Degree
- At
least 5 years experience
If you meet the above requirements, kindly apply on or
before 11 May 2012.
Only successfully shortlisted candidates will be contacted for the next phase.
Only successfully shortlisted candidates will be contacted for the next phase.
To apply, visit: